BETA

Beta FinanceBETA

Rank #342
Token
On 23,035 watchlists

Beta Finance Price (BETA)

$0.5653
9.57%

0.00001353 BTC8.23%

0.0001816 ETH7.89%

Low:$0.5592
High:$0.7067
24h
BETA  Beta Finance BETA
Price:
$0.5653
 9.57%
Market Cap
$144,626,458
9.57%
Fully Diluted Market Cap
$565,315,147
9.57%
Volume
24h
$113,466,840
1.79%
Volume / Market Cap
0.7846
Circulating Supply
255,833,333.00 BETA
26%
Max Supply
1,000,000,000
Total Supply
1,000,000,000
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Beta Finance to USD Chart

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BETA Price Statistics

Beta Finance Price Today
Beta Finance Price$0.5653
Price Change24h$-0.05983
9.57%
24h Low / 24h High
$0.5592 /
$0.7067
Trading Volume24h$113,466,840.13
1.79%
Volume / Market Cap0.7846
Market DominanceNo Data
Market Rank#342
Beta Finance Market Cap
Market Cap$144,626,458.22
9.57%
Fully Diluted Market Cap$565,315,146.89
9.57%
Beta Finance Price Yesterday
Yesterday's Low / High
$0.572 /
$0.7067
Yesterday's Open / Close
$0.646 /
$0.5725
Yesterday's Change

11.37%

Yesterday's Volume$128,464,300.39
Beta Finance Price History
7d Low / 7d High
$0.4435 /
$0.7067
30d Low / 30d High
$0.4139 /
$0.822
90d Low / 90d High
$0.4139 /
$2.64
52 Week Low / 52 Week High
$0.4139 /
$4.63
All Time High
Oct 08, 2021 (3 months ago)
$4.63
87.80%
All Time Low
Jan 10, 2022 (9 days ago)
$0.4139
36.59%
Beta Finance ROI
No Data
Beta Finance Supply
Circulating Supply255,833,333 BETA
Total Supply1,000,000,000 BETA
Max Supply1,000,000,000 BETA

BETA to USD Converter

BETA

Beta Finance

USD

United States Dollar

BETA Price Live Data

The live Beta Finance price today is $0.565315 USD with a 24-hour trading volume of $113,466,840 USD. We update our BETA to USD price in real-time. Beta Finance is down 9.57% in the last 24 hours. The current CoinMarketCap ranking is #342, with a live market cap of $144,626,458 USD. It has a circulating supply of 255,833,333 BETA coins and a max. supply of 1,000,000,000 BETA coins.

If you would like to know where to buy Beta Finance, the top cryptocurrency exchanges for trading in Beta Finance stock are currently Binance, Bitget, Mandala Exchange, HitBTC, and Uniswap (V3). You can find others listed on our crypto exchanges page.

To find out even more about this project, check out our deep dive of Beta Finance.

What Is Beta Finance (BETA)?

Beta Finance is a permissionless money market on Ethereum for borrowing, lending and shorting crypto assets. It allows users to access a scalable and accessible money market where tokens can be listed permissionlessly and automatically and where users can short these tokens. Beta Finance plans to launch on additional layer one and layer two solutions after its Ethereum Mainnet launch.

Users have three options: lending, borrowing and shorting. Lenders will be able to lend crypto assets for any market that exists on Beta Finance and earn interest on it. Borrowers can take the contrary position, while short-sellers are able to use collateral to initiate short positions. Unlike centralized exchanges, Beta Finance does not use an order book to execute shorts but routes the trade through decentralized exchanges that use automated market makers. As part of its Phase 2 launch, the platform plans to release permissionless money market creation.

Who Are the Founders of Beta Finance?

Beta Finance was launched by Allen Lee, an MIT alumnus that previously worked as a software engineer at Microsoft and Facebook. It’s also backed by an illustrious group of investors, including Spartan Group, ParaFi Capital, Multicoin Capital, DeFiance Capital, and Delphi Digital. Anjan Vinod of ParaFi Capital was impressed with Beta Finance’s focus on novel assets, its isolated collateral model, and planned cross-chain support. Gabriel Tan of Spartan Group was equally bullish, calling Beta Finance an up-and-coming permissionless money market that is well-positioned to thrive in the space.

What Makes Beta Finance Unique?

Beta Finance identified the significant volatility characteristic of crypto as harmful to the adoption of DeFi by individuals and institutions. It sees short-selling as a critical financial tool that is missing in the DeFi ecosystem, which facilitates market stability and efficiency. Users can conveniently do so with the platform’s “1-Click Short” tool. A simple click of a button suffices to select the DEX to swap through and stake the newly swapped collateral with the principal in the short position.

Beta Finance follows an isolated collateral model to support more volatile assets, meaning a collateralized position at risk of liquidation does not endanger another position. Initially, Beta Finance supports ETH, USDC, USDT and DAI as valid collateral, with the community able to propose and vote for additional collateral support in Phase 2. Collaterals are subject to various collateral factors: stablecoins have a collateral factor of 90%, while ETH has a collateral factor of 80%.

Assets are subject to different asset tiers. Safe assets like stablecoins have a loan-to-value ratio of 75%, while more volatile assets only have a 50% ratio. The most volatile assets like meme coins only have a 20% LTV. The isolated collateral model means tighter fund security for users, meaning assets are safe even if Beta has a market with a compromised asset.

Check out dYdX (DYDX) — one of the most popular decentralized exchanges.

Check out Perpetual Protocol (PERP) — a decentralized exchange for trading futures.

Read our deep dive about decentralized liquidity pools.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog.

How Many Beta Finance (BETA) Coins Are There in Circulation?

The total supply of BETA is 1 billion tokens. BETA follows the following token allocation:

Binance Launchpad Sale - 5%

Seed Sale - 10%

Strategic Sale - 5%

Alpha Finance Launchpad - 5%

Team - 20%

Ecosystem - 35%

Liquidity Mining 20%

As of September 29, 2021, Beta Finance has used funds raised according to the allocations below:

  • 6.76% Marketing
  • 10.13% Team
  • 63.53% Development
  • 19.57% Operation

Beta Finance will launch on Oct. 8, 2021 on Binance Launchpad at an initial token price of $0.06.

How Is the Beta Finance Network Secured?

BETA is an ERC-20 token on Ethereum and BSC. The security framework consists of four major pillars:

  1. Beta Finance continuously conducts internal code reviews
  2. The platform will request external reviews from leading security researchers
  3. It will incorporate real-time monitoring services
  4. Beta Finance will launch a bug bounty campaign for white hats

Furthermore, funds are stored with cold storage multi-signature wallets and USD bank accounts. Any movement of funds requires the approval of at least 3 out of the 5 executives and advisors of Beta Finance. Beta Finance has been audited by OpenZeppelin and PeckShield.

ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications and exchanges to launch on. It is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

Can Beta Finance Hit $1?

Beta Finance is launching at an initial launchpad price of $0.06. Whether the project can hit $1 will depend on various factors, such as the overall market situation, the adoption of a new project by the market, and whether the team can deliver on its ambitious roadmap.

Where Can You Buy Beta Finance (BETA)?

BETA will launch on Binance Launchpad on Oct. 8, 2021.

Live Beta Finance Chat

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BETA Price Statistics

Beta Finance Price Today
Beta Finance Price$0.5653
Price Change24h$-0.05983
9.57%
24h Low / 24h High
$0.5592 /
$0.7067
Trading Volume24h$113,466,840.13
1.79%
Volume / Market Cap0.7846
Market DominanceNo Data
Market Rank#342
Beta Finance Market Cap
Market Cap$144,626,458.22
9.57%
Fully Diluted Market Cap$565,315,146.89
9.57%
Beta Finance Price Yesterday
Yesterday's Low / High
$0.572 /
$0.7067
Yesterday's Open / Close
$0.646 /
$0.5725
Yesterday's Change

11.37%

Yesterday's Volume$128,464,300.39
Beta Finance Price History
7d Low / 7d High
$0.4435 /
$0.7067
30d Low / 30d High
$0.4139 /
$0.822
90d Low / 90d High
$0.4139 /
$2.64
52 Week Low / 52 Week High
$0.4139 /
$4.63
All Time High
Oct 08, 2021 (3 months ago)
$4.63
87.80%
All Time Low
Jan 10, 2022 (9 days ago)
$0.4139
36.59%
Beta Finance ROI
No Data
Beta Finance Supply
Circulating Supply255,833,333 BETA
Total Supply1,000,000,000 BETA
Max Supply1,000,000,000 BETA